Just Deed property back to lender (not deed in lieu)

[simplelaguna]

I came across this interesting article at: http://www.foreclosureindustry.com/2...f-foreclosure/ where it talks about just deeding a property back to the lender (not deed in lieu).

Have some upside down real estate in California after my Chapter 7 discharge, the lender will not foreclose or take deed in lieu, so looking for some options other then short sale. Does anyone know if this would be an option for a person with real estate in California or know of any cases where this has happened?

[goingcrzy]

interesting...

(I am posting this to see follow and see what other say)

[sofarsogood2]

I'm curious about this as well.

[simplelaguna]

I looked into this some more and from what I found out, it is not a viable solution. It all comes down to acceptance. If you record the deed, the lender can reject it. Thus, you still own the property.

[simplelaguna]

I am curious, for those linking to this thread. I assume you have a property the lender will not take back. Do you mind if I ask what lender you are having trouble with?

[sharksfan]

Wonder how this would work with 2 lien holders. I think I'm going to talk to a real estate attorney.

Chase held my first.

[Ugh07]

I looked into this some more and from what I found out, it is not a viable solution. It all comes down to acceptance. If you record the deed, the lender can reject it. Thus, you still own the property.

that is correct. "acceptance" is part of what makes the deed valid.